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THE Federal Government, on Thursday, wielded the big stick by suspending the operations of Air Nigeria, over allegations that the airline is in financial distress. The Nigeria Civil Aviation Authority (NCAA) carried out the suspension, after investigations carried out showed that the carrier was in financial crisis. The development came even as the airline management, through its spokesman, Sam Ogbo-goro, ... Read More »

Chief Lababidi, Chairman of the Board of Directors and founder of Starcomms Plc was detained yesterday by the Economic and financial crimes commission (EFCC) in furtherance of their investigation into the Stanbic IBTC and Chapel Hill Denham led 2008 offer to the public. As at the time of filing this report, it is understood that the commission appears keen on ... Read More »

  The management of Arik Airline on Tuesday cancelled its scheduled flight from Abuja to Gombe due to what it described as `technical fault.’ “In order not to risk the lives of people, we decided to cancel the flight, but hopefully, we shall board tomorrow, some of the passengers have agreed to wait till tomorrow.” One of the airline’s officials, ... Read More »

The STB-McCann group, one the nation’s advertising group of companies led by Sir Steve Omojafor as Chairman is currently facing one of the most challenging times in the group’s about two decades of operation in the industry. The group comprises of STB-McCann Advertising, a full service creative agency with Mr. Rufai Ladipo as the Managing Director and Universal McCann, a ... Read More »

There are some stories that melts the heart..This is one of them..This lady is Oge Onwubuya Anakwe,a staff of Spring Bank ,Okota Branch,Oge has been sick for months,she had stroke which paralysed one of her side.Her state couldn’t allow her conceive for her husband..She has battled this illness for a while..Guess what ,Oge finally gave up the ghost last week..I ... Read More »

Recall that the house had earlier cleared Zenon oil in their subsidy probe report but made a u-turn last Friday to re-list the company as one of the companies that obtained forex but failed to import fuel. During the session, the House sacked the chairman of the Ad Hoc committee of the subsidy probe, Farouk Lawan over allegation of $3 ... Read More »

Saturday June 17th Best Bargain a All purpose shop to take care of all needs in Ogba and its Axis was opened. Read More »

A Federal High Court in Abuja, yesterday, held that the Central Bank, CBN, Governor, Sanusi Lamido Sanusi, lacked the constitutional powers to issue license for the operation of a non interest bank under the Islamic commercial jurisprudence. Delivering judgment in a suit that was filed by a lawyer, Mr Godwin Sunday, challenging the institutionalization of the Islamic banking system in ... Read More »

It is no longer news that Access bank led by Aig Imokunde has successfully acquired Intercontinetal Bank few months back and successfully taken over the banks Liabilities and assets despite the fact that the former  Vice chairman and Managing Director Dr Erastus Akingbola is fighting tooth and nail in different courts to get the bank back. The Gist we have ... Read More »